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Acquisition (Tables)
9 Months Ended
Sep. 30, 2018
Business Combinations [Abstract]  
Summary of purchase price
          Electronic              
    ECS     Check     CSLS     Total  
                         
Purchase price                                
                                 
Cash   $ 100,000     $ 75,000     $ 25,000     $ 200,000  
Shares of common stock     1,010,000 a     695,000 c           1,705,000  
Secured promissory note     960,000                   960,000  
Warrants     992,958 b     682,919 d           1,675,877  
    $ 3,062,958     $ 1,452,919     $ 25,000     $ 4,540,877  
Allocation of purchase price                                
Property and equipment   $ 50,000     $ 15,000     $     $ 65,000  
Technology     826,667       413,333             1,240,000  
Tradename     546,667       273,333             820,000  
Customer relationships     993,333       496,667             1,490,000  
Goodwill     646,291       254,586       25,000       925,877  
Purchase price   $ 3,062,958     $ 1,452,919     $ 25,000     $ 4,540,877  
                                 
Summary of Pro Forma Financial Information

The unaudited pro forma information below present statement of operations data as if the acquisition of assets had taken place on January 1, 2017.

 

    Nine Months Ended September 30,  
    2018     2017  
Sales   $ 42,270,074     $ 24,733,037  
Cost of goods sold     40,554,398       23,968,637  
Gross profit     1,715,676       764,400  
Operating expenses     44,430,055       7,309,785  
Loss from operations     (42,714,379 )     (6,545,385 )
Net loss     (46,486,072 )     (7,887,893 )
Loss per share     (0.39 )     (0.18 )